– Der Spiegel – Berlin is unhappy about a weapons deal in which France plans to supply warships to highly indebted Greece free of charge for the first five years, and at a big discount when payment comes due. Firms and politicians in Germany say taxpayers may end up paying for part of the deal, and they want Chancellor Angela Merkel to intervene.
Wall Street Journal – The Submarine Deals That Helped Sink Greece
Greece’s military deals illustrate how Germany and other creditors have in some ways benefited from Greece’s profligacy, and how that is coming back to haunt them.
Defense Technology International – German and Greek Tiff Over Submarines
Germany and Greece are having words over the decision early this week by Howaldtswerke Deutsche Werft (HDW) GmbH, the ThyssenKrupp (TKMS) unit that makes Germany’s non-nuclear submarines, to cancel two submarine contracts with the Greek Defense Ministry because it has not been paid €524 million euros ($765 million dollars) … even though the submarines are ready for delivery.
Xinhua – The Greek government announced on Wednesday that a fully-staffed Hellenic Navy frigate will depart over the next few days in order to participate in an international peacekeeping force for south Lebanon.
Associated Press – Dozens of Greek Navy vessels have started patrolling the country’s coastal waters as part of a two-layer security zone to protect the Olympic Games, with NATO warships due to keep watch further out to sea, a naval official said Wednesday.